ACCOUNTING FOR SMALL BUSINESS

There are good reasons for hiring an accountant for your small business at different stages of your company’s growth. From developing a business plan to company formation, loan applications to government audits, an accountant can make life easier for you at each step.

Developing Your Business Plan

Let Stuart and Company assist with developing your business plan. We will be able to use accounting software to add financial projections and other reports to it. This will help you create a business plan that’s realistic, professional and more likely to succeed.

Deciding on Your Company’s Legal Structure

Not all businesses have the same legal structure – there are different types that are determined by several factors. Some might be called limited companies, limited liability partnerships or corporations, others could be sole traders or proprietors. Stuart and Company can advise you on a variety of ways to set up your business to offer the best financial and tax advantages.

Accounting

Small business accounting can quickly become complex if you do it on your own. Some essential accounting practices for small businesses include the ability to track the cash flow of income and expenses, calculate necessary tax payments, manage payroll and produce financial reports. Stuart and Company can manage all your accounting needs, allowing you more time to grow your business.

Computerized Payroll

Managing payroll is one of the more time-consuming areas of running a business. Stuart and Company is equipped to provide a computerized payroll service, which handles all payroll calculations and payroll needs, including T5018s.

Software Training

For those clients in Edmonton who would prefer to do some of the work themselves, Stuart and Company will train clients on how to use accounting software. This allows the business owner to do their own bookkeeping while coming to us for the more complex services. Stuart and Company staff are well versed in most major brands of accounting software, thus ensuring that you and your staff receive proper and thorough training.